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An offer acceptance rate is the percentage of job offers accepted by candidates who have been offered a position within an organization. This metric is used by HR professionals to gauge the effectiveness of their recruitment and selection process and to identify any areas where improvements can be made.
A high offer acceptance rate indicates that you’ve done a good job of attracting and selecting the right candidates. Equally, a low offer acceptance rate may indicate that your company needs to improve its recruitment and selection process, or that the job offer is not competitive enough compared to others